Media
Artificial Intelligence and the Future of Autonomous 'Hands-Free' Banking
They may have no choice, if they wish to survive. Consumers, accustomed to experiences with Amazon, Netflix, and Starbucks, demand rapid fulfillment of requests, personalized solutions, and constant attention from their financial providers. With the wealth of data possessed by banks and credit unions, consumers not surprisingly expect providers to know them, value them, and reward them for their relationships. Given the rise of digital and challenger banks, traditional banks and credit unions must find new ways to maintain their share-of-wallet and customer trust. Technologies that integrate artificial intelligence and big data analytics provide financial institutions with unprecedented visibility into their customers' financial dynamics, enabling the kind of personalized service which they crave. This underscores that automation in banking is about far more than generating new cost efficiencies.
Invest in tech: artificial intelligence and machine learning
There is a demand-supply mismatch of jobs in cutting-edge IT fields such as artificial intelligence and machine learning. Two trends are indicative of the fact. First is via industry predictions -- these estimate the growth in the AI market from $21.46 billion to $190.61 billion between 2018 and 2025. Year on year growth is projected to be an impressive 36.62 per cent during the same period. The second trend is that major Indian IT firms in the US are reportedly'hoarding' employees in these two fields as they foresee a shortage in skilled experts.
We analyzed 16,625 papers to figure out where AI is headed next
Almost everything you hear about artificial intelligence today is thanks to deep learning. This category of algorithms works by using statistics to find patterns in data, and it has proved immensely powerful in mimicking human skills such as our ability to see and hear. To a very narrow extent, it can even emulate our ability to reason. These capabilities power Google's search, Facebook's news feed, and Netflix's recommendation engine--and are transforming industries like health care and education. But though deep learning has singlehandedly thrust AI into the public eye, it represents just a small blip in the history of humanity's quest to replicate our own intelligence.
Let's stop the bullshit with Artificial Intelligence
Advertising: FB and Google have used AI for years to display the optimal ads according to the data they have collected from each user. Entertainment: Spotify or Netflix use AI to recommend content (songs/tv shows) that might appeal to each customer, which significantly boosts user engagement. Healthcare: the cancer diagnosis is very costly and overburdened; therefore the industry is using AI technology like computer vision to help doctors better manage more patient cases and minimize diagnosis mistakes. As you can see AI can offer real value when it's applied correctly; however, things started going south when VCs began to invest billions of dollars into all kind of startups who promised to change the world with AI. We're starting to see scenarios in which pretty much every single startup is integrating AI just so they gain competitive advantage. When attending to a biz conference, 90% of startups claim they make use of AI-powered solutions.
The Jobs AI Will Take Over First (By Sector)
Ever since Steven Spielberg's 2001 classic, A.I. Artificial Intelligence, people have been concerned about the impact of the rise of machine intelligence. It seems to be a common theme in sci-fi movies (such as I, Robot) that one day, the machines are going to take over, but how true could that be? Will AI robots be taking over our jobs any time soon? It is thought that transportation and storage will be the hardest hit by AI by 2030, with an estimated 56 percent of jobs at risk between now and then. With self-driving technology getting better by the day, there's a concern that many driving jobs could soon be made redundant.
Your TV Is Now a Computer, but Not in a Good Way
I switched on my Samsung Smart TV to watch the Warriors game, and after about 20 seconds, the CBS News app switched itself on for a few seconds in a small rectangle in the upper left corner. Then my TV crashed, which is a thing TVs can do now, and the screen went dark. This was particularly confusing because I'd never watched the CBS News app. I'd never installed the app, nor did I even know it was on my TV. I tried the obvious things.
From sci-fi to roadworthy, but how soon will they arrive?
Back in 2002, movie director Steven Spielberg and automaker Lexus worked together to create a vehicle that predicted what cars might be like in the year 2054. That car, the Lexus CS 2054, was "driven" in Minority Report by actor Tom Cruise; driven in quote marks because the car actually drove itself. But while such vehicles weren't expected until the middle of this century, a research project undertaken by Leasing Options, a British vehicle-leasing company, says that Lexus CS 2054-like cars will be on the road by 2027. "Who would have thought that 2027, just eight short years away, could be the year we see the Lexus 2054 from Minority Report become commercially available," the company said in its news release last month. "That's a whole 27 years earlier than Spielberg had predicted, seeing as the film was set in 2054."
2019: The Year AI Goes Beyond The Hype
The past year has shown the power of artificial intelligence (AI) around the world. Globally, businesses and governments saw 2018 as the breakout year for AI, with venture capitalists pushing 47% more investment in 2018 into AI businesses in the UK alone. The increased use of AI had a seismic impact on consumers' daily lives in ways many do not even realise โ take, for example, daily Spotify and Netflix recommendations. With many real-world applications beginning to use this technology in 2018, it may finally be the case that 2019 is the year that AI goes beyond the hype. Society's readiness to embrace these changes has allowed for advancement in this technology as the real-world benefits are finally being realised.
Machine learning-detected signal predicts time to earthquake
LOS ALAMOS, N.M., Dec. 17, 2018--Machine-learning research published in two related papers today in Nature Geosciences reports the detection of seismic signals accurately predicting the Cascadia fault's slow slippage, a type of failure observed to precede large earthquakes in other subduction zones. Los Alamos National Laboratory researchers applied machine learning to analyze Cascadia data and discovered the megathrust broadcasts a constant tremor, a fingerprint of the fault's displacement. More importantly, they found a direct parallel between the loudness of the fault's acoustic signal and its physical changes. Cascadia's groans, previously discounted as meaningless noise, foretold its fragility. "Cascadia's behavior was buried in the data. Until machine learning revealed precise patterns, we all discarded the continuous signal as noise, but it was full of rich information. We discovered a highly predictable sound pattern that indicates slippage and fault failure," said Los Alamos scientist Paul Johnson. "We also found a precise link between the fragility of the fault and the signal's strength, which can help us more accurately predict a megaquake."